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Crypto analyst Kevin Svenson predicts Bitcoin could surge to $99,600, citing bullish technical patterns and a recovering stock market. His analysis highlights an ascending triangle formation and weakening bearish momentum on weekly charts.
- Bitcoin's MACD indicator shows weakening bearish momentum on weekly charts, signaling potential upward movement.
- An ascending triangle pattern on the 4-hour timeframe suggests a breakout target near $99,600 if confirmed.
- Svenson correlates Bitcoin's outlook with the S&P 500 breaking resistance, indicating broader market risk appetite.
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